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Genius Group Limited ( (GNS) ) just unveiled an update.
Genius Group Limited announced its decision to proceed with arbitration to fully rescind the FatBrain AI Asset Purchase Agreement due to unresolved issues, aiming to retrieve 7.3 million ordinary shares and $6.6 million in cash initially part of the transaction. If successful, the retrieved shares will reduce the company’s issued share capital, and the cash will be converted to Bitcoin, which will enhance their Bitcoin treasury holdings. The company will exclude FatBrain financials from its 2024 first half results and withdraw any previous guidance related to the transaction.
More about Genius Group Limited
Genius Group Limited is involved in providing innovative educational services, focusing on entrepreneurship and personalized learning. The company aims to integrate advanced technologies to create a global learning community.
YTD Price Performance: -89.37%
Average Trading Volume: 5,293,070
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $15.3M
For an in-depth examination of GNS stock, go to TipRanks’ Stock Analysis page.
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